Russia
Crude Oil , Trade , International
Saudi Arabia Chafes at ‘False Promises’ on Oil Cuts from OPEC Partners
Moves to flout deal terms on oil cuts damage reputation of OPEC+, Saudi Arabia’s energy minister says.
International , Infrastructure , Construction , Pipelines
Newspaper: Germany Offered to Build LNG Terminals to Avert US Sanctions
German finance minister made the offer in early August, before the sanctions were imposed.
Exploration & Production , International
Russia to Build Up Half-Finished Oil Wells to Regain Market Share
DUCs are primed to operate when the OPEC+ deal expires, Russia’s energy minister says.
Policy & Regulations , Construction , Pipelines
No Nord Stream 2? No Problem for Germany, Economists say
Canceling the project would create a legal mess and higher costs but nothing Germany couldn’t handle, say experts.
International , Infrastructure , Construction , Pipelines
Navalny Poisoning adds Pressure for Germany to Rethink Nord Stream 2
Germany politicians demand a tough response from Merkel to the attempted murder of the Kremlin critic.
Exploration & Production , Crude Oil , Trade , International
OPEC August Oil Output Rises for Second Month as Supply Cut Eased
OPEC oil output has risen by about 1 million bbl/d in August, a Reuters survey found, as the group and allies eased record oil supply curbs.
Crude Oil , International
OPEC+ Oversupply Totals 2.31 MMbbl/d
Cartel would need to slash output to compensate for its May-July surplus.
Trade , International , Construction , Pipelines
EU ‘Highly Concerned’ by US Stance on Nord Stream Pipeline
Sanctions violate international law, 24 members say.
Discoveries
Russia’s Gazprom Neft Discovers Oil Field in Urals Region
The company said the Roshchinskoye oil field has “geological reserves” of 4 million tonnes (29.3 million barrels).
Trade , International , Infrastructure , Construction , Pipelines
Lobbying for Russian Pipeline Spikes in Washington
Lobbyists have disclosed little information about their activities.